”But even on this basis we now expect eurozone growth to be minus 0.4 per cent this year. The baseline forecast for US growth is one per cent in 2020 compared with a pre-virus outlook of two per cent and GDP is expected to fall by 0.5 per cent (or two per cent annualised) in 2Q20.“
It expects global growth to fall to 1.3 per cent in 2020 from 2.7 per cent in 2019, which would be weaker than global downturns in the early 1990s and in 2001.
Being a trade-reliant country, with trade accounting for 131% of its gross domestic product (GDP) in 2018 according to the World Bank, Malaysia has minimal chance - if any - to escape a recession if the world plunges into economic turmoil.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
firehawk
4,782 posts
Posted by firehawk > 2020-03-19 23:31 | Report Abuse
DJIA drops to 3yrs low, KLSE drops to 13 yrs low, really a chi pek !!!
Ppl rise we don't rise, ppl drop we drop more ....